Trade of the Week


TRADE OF THE WEEK – sponsored by LiveTradingFloor

Intercontinental Hotels Group PLC (IHP)
Technical Play: PowerPivot – Short

Entry Price: 866.00
Initial Stop Loss: 875.00
Target: 820.00

Strategy
Pivot short off 200ema. Enter no lower than 862. 10/8 08:10am – stop moved to just above todays high at 858. 9:29am – stop moved to 846 based on level 2 to lock in profits. 9:50am – stop moved to 841.

Performance
This stock has moved a total of 2.9% so based on a money-managed trade of 1% risk; your profit would stand at a 2.8% increase in 1 day.

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